In the Pipeline: Cogir Renovates in Washington; Ongoing Work at North Carolina Life Plan Community 

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Construction: Planned

$175M equity fund to create or preserve 22 Midwest properties

Cinnaire recently closed the Cinnaire Fund for Housing Partnership 41, a $175.4 million multi-investor, low-income housing tax credit fund.


The fund includes 14 different investors that will create or preserve 1,228 affordable multi-family homes across 22 properties in Michigan, Illinois, Indiana, and Wisconsin. This represents the first of three multi-investor funds planned by Cinnaire this year.

One example of the fund’s expected impact includes the construction of 70 units for the CC Lane Apartments in Oregon, Wisconsin, for affordable rental housing for families with incomes below 30 to 80% of the area’s median income. The project includes a mix of garden-style one-bedroom, two-bedroom, and three-bedroom units.

Amenities include a community room, business center, parking, outdoor recreation area, grilling stations, and a fire pit. The project will be developed by the Northpointe Development Corporation. Units are expected to be available in 2025.


Construction: In Progress

North Carolina life plan community construction continues

Construction remains ongoing and on schedule at Hayes Barton Place in Raleigh, North Carolina, according to a news release on the project.

The new life plan community will offer a range of housing styles and include upscale amenities, a golf simulator, fitness center, pickleball court, croquet lawn, and multiple dining venues. Hayes Barton Place will include 169 IL residences, 24 flats, and nine townhomes. The community will also offer assisted living, memory care, and rehabilitation and skilled nursing services at the Bloomsbury Health Center.

These residences, known as Club House Condos, vary in size from 800 to over 3,100 square feet. Each one includes a covered balcony or patio with a view of the outdoor living area.

Construction: Completed

Cogir of Kirland to host grand opening

After an extensive renovation, Cogir of Kirkland has reopened and is under new management.

The community in Kirkland, Washington, was updated with modernized living spaces, amenities, and common areas designed to foster socialization among residents and staff. The community comprises 76 apartments of varying sizes, between 375 square feet and 745 square feet.

The common areas include a bistro, cafe, movie theater, game room, activity room, library, and a salon/barbershop.

A grand opening ceremony will be held later this month.